Creditcane™: REPETERE AD INFINITUM: CAVEAT EMPTOR.
SPX
Spinning top day. Midpoint above EMA(10). Still above all SMA's. Tested and failed the 0.0% retrace (1563.62). No daily 3LB changes (reversal is 1551.18). QE2infinity. Still below 2 of 3 trend lines and RSI(14) above 50.
DXY
Bullish long day. Midpoint above EMA(10). Holding above the 38.2% minor retrace (82.46). Now above all SMA's. New high on dally 3LB (reversal is 82.13).
VIX
Bearish long day (but closed higher). Midpoint above EMA(10). Tested and failed SMA(21,55). Holding above its 0.0% retrace (11.50). No daily 3LB changes (reversal is 11.30).
GOLD
Bullish short day. Midpoint above EMA(10). Still failing its 61.8% retrace (1609.30). Tested and held SMA(21). No daily 3LB changes (reversal is 1617.10). Must have the precious.
EURUSD
Bearish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 61.8% minor retrace (1.2770). New low on daily 3LB (reversal is 1.2884).
JNK
Bullish short day (confirmed dragonfly doji). Midpoint below EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (40.58). No daily 3LB changes (reversal is 41.12).
10YR YIELD
Spinning top day (after gap lower). Tested and held SMA(89). Midpoint below EMA(10). Tested and held its 50.0% minor retrace (18.42). Daily 3LB reversal down (reversal is 20.56).
WTI
Bullish short day. Now above all SMA's. Midpoint above EMA(10). Holding above its 61.8% minor retrace (93.72). New high on dally 3LB (reversal is 94.11).
SILVER
Bearish short day. Tested and failed SMA(21). Midpoint below EMA(10). Still failing its 61.8% minor retrace (30.25). No daily 3LB changes (reversal is 29.49).
BKX
Bearish short day. Midpoint below EMA(10). Tested and held SMA(21). Still failing its 0.0% retrace (57.33). New low on daily 3LB (reversal is 57.27).
HYG/LQD
Bearish long day. Tested and failed SMA(21). Midpoint below EMA(10). Still failing its 38.2% retrace (0.7907). No daily 3LB changes (reversal is 0.7850).
COPPER
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 61.8% minor retrace (3.454). No daily 3LB changes (reversal is 3.555).
AAPL
Bearish short day. Still failing SMA(55). Midpoint above EMA(10). Still failing its 61.8% retrace (463.72). Still failing BB(2,200). No daily 3LB changes (reversal is 430.47).
CCI
Bullish short day. Midpoint above EMA(10). Tested and held SMA(233). Tested and failed its 38.2% retrace (557.71). Daily 3LB reversal up (reversal is 551.61).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
4 comments:
SPX makes it above the 2007 high close. Yet VIX not at new low and 10yr yields are heading lower. Think it'll last?
...but the real test is the intraday high of 1576.09. IMHO.
Arrggh they just had to force the issue before the long weekend. Figures.
New.
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